The Department of Land and Real Estate Regulation in Ajman completed 169 real estate valuation processes during May 2024, with a total value exceeding Dh729.5 million. The May report included individual valuation transactions, valuations for courts and institutions, and valuations for long-term golden residency visas for investors, which numbered 142 processes and exceeded Dh334 million in total value, representing a 33 per cent increase compared to the previous month. Ahmed Khalfan Al Shamsi, director of real estate registration, stated that the valuation covered commercial, residential, industrial, and agricultural units, with commercial property accounting for the largest share, Dh437.2 million, up 197 per cent compared to April 2024.
The valuation processes conducted by the Department of Land and Real Estate Regulation in Ajman during May 2024 were crucial for the real estate market in the region. With a total value exceeding Dh729.5 million, these processes included individual valuation transactions, valuations for courts and institutions, and valuations for long-term golden residency visas for investors. The increase in total value, which amounted to Dh334 million, represented a significant growth of 33 per cent compared to the previous month, showcasing a vibrant real estate market in Ajman.
Ahmed Khalfan Al Shamsi, the director of real estate registration, highlighted the diverse nature of the valuation processes, which covered commercial, residential, industrial, and agricultural units. Commercial properties accounted for the largest share of the valuation, totaling Dh437.2 million, an impressive 197 per cent increase compared to April 2024. This surge in commercial property valuation overshadowed industrial properties, which had a total value of Dh148.45 million, emphasizing the robustness of the commercial real estate sector in Ajman.
The Department of Land and Real Estate Regulation’s dedication to ensuring accurate and timely valuations is commendable. By completing 169 valuation processes in May 2024, the department has facilitated transparency and efficiency in the real estate market in Ajman. The detailed valuation reports encompassing various property types have provided valuable insights for investors, institutions, and individuals seeking to make informed decisions regarding real estate transactions in the region.
The significant increase in total value of the valuation processes in May 2024 indicates a positive trend in the Ajman real estate market. With commercial properties leading the way in terms of valuation, it is evident that the commercial sector is thriving and attracting investors. The department’s commitment to conducting comprehensive valuations for different property categories showcases its role in supporting the growth and development of the real estate sector in Ajman, contributing to the overall economic progress of the emirate.
In conclusion, the completion of 169 real estate valuation processes by the Department of Land and Real Estate Regulation in Ajman during May 2024 demonstrates the commitment to maintaining a thriving real estate market. The diverse valuation transactions, including commercial, residential, industrial, and agricultural properties, have contributed to a total value exceeding Dh729.5 million. With commercial properties showing remarkable growth in valuation, the department’s efforts have not only enhanced transparency but also fueled investor interest in the dynamic real estate opportunities available in Ajman.
